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You have been hired by Nobody State University (NSU) as a consultant to help the university with how to increase their total revenue. The university has been struggling in recent years, so they have hired you to help them in their last attempt to find an appropriate solution so that the university can survive. Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Assess a raise in tuition and if it will necessarily result in more revenue. Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same. Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment. If the true price elasticity were (-1.2), discuss what you would suggest the university do to expand revenue. Using what you have learned in this course, explain how you would resolve this problem if you were the President of NSU.
q.1. predict what would happen to the labor force participation rate of women if wages for women decreased. explain.2.
Solve for the change in consumer surplus, the change in producer surplus, the change in government revenue and change in total surplus (i.e. the deadweight loss) from the market without the tax.
Explain the course of action adopted by the federal government to restore the confidence in the U.S. mortgage & real estate markets in the aftermath of the Great Depression, and how these changes affected the structure of a typical mortgage loan agre..
The Riparian use doctrine. The “beneficial use” of water principle.
Visit the Fed's Summary of Commentary on Current Economic Conditions, also known as the Beige Book. Prepare a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.
The effectiveness of different kinds of incentive systems: moral, material, and coercive.
In principle, the antitrust laws are designed to promote competition and improve market efficiency. Given the work by Williamson (1968) and Demsetz (1973), explain why these laws may promote static efficient but fail to promote dynamic efficiency.
Explain why the International Trade Administration suggest that some causes piloting the growth in the world population, rising incidences of chronic diseases, increasing elderly population, and higher disposable incomes. Other reasons motives includ..
A fixed resource is one that?
Traditionally, taxi drivers were only paid by the mile. A couple of decades ago, Yellow cab experimented with paying the same per mile rate plus a fixed fee every time a customer got in the cab. How does this change driver behavior?
Illustrate what would be natural rate of unemployment if a baby boom led to a year in which teenagers made up 20% of labour force.
The U.S. was on a "gold standard" from 1879 to 1933. Which of the following was a a major disadvantage of being on the gold standard from an economic point of view?
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